The Big Volatile March Series comes to an end and the April series is likely to start with an overheated status and the last couple of days lower volatility in the markets got slowed down the price action and very less enthusiastic players are trading this market than more aggressive participation in the first half of the March 2022 series.
Market Profile Structure indicates a dull boring price action for the last couple of sessions with falling volumes overall. 17350 remains the shorter-term focus if the price manages to break 17500 levels.
Slow down in price action generally tend to profit booking and at times markets need a break before going up higher. The Caution flag is raised in the shorter term as the short term inventory gets long to too long with falling trading interest overall.
